European currencies have temporarily stabilised following a phase of downward correction, as markets await the release of key economic data. In the absence of new strong catalysts, the market has adopted a wait-and-see approach near Read more…
Markets The devil of yesterday’s June US CPI inflation report was in the details. Headline and core CPI rose by 0.3% M/M and 0.2% M/M respectively to be up 2.7% Y/Y (from 2.4%) and 2.9% Read more…
Yesterday’s US inflation data was… mixed. Headline CPI rose 0.3% month-on-month, exactly as expected, pushing the annual rate up to 2.7% from 2.4% in the prior month. But core inflation came in softer than anticipated, Read more…
Daily Pivots: (S1) 1.3353; (P) 1.3410; (R1) 1.3442; More… GBP/USD recovers mildly ahead of 1.3369 support and intraday bias remains neutral. Outlook is unchanged that strong support is expected from 1.3369 to complete the correction Read more…
Sterling edged modestly higher today after UK inflation surprised to the upside, though gains were restrained. CPI and core CPI both accelerated in June, with goods inflation jumping sharply. The move raises questions about tariff Read more…
UK inflation came in hotter than expected in June. Headline CPI accelerated from 3.4% yoy to 3.6% yoy, above consensus of 3.4%. Core CPI (excluding energy, food, alcohol, and tobacco)also surprised to the upside, rising Read more…
Key Highlights NZD/USD started a fresh decline below the 0.6000 support zone. A key bearish trend line is forming with resistance at 0.6000 on the 4-hour chart. EUR/USD extended losses below the 1.1650 and 1.1620 Read more…
Dallas Fed President Lorie Logan said overnight that she expects a slight pickup in the Fed’s preferred inflation measure following June’s CPI release and warned against easing policy prematurely. With the PCE inflation gauge at Read more…
Boston Fed President Susan Collins said overnight that the Fed should remain “actively patient” in its stance. Despite the complexity of current conditions, she argued that “solid” fundamentals give the Fed room to carefully assess Read more…
Richmond Fed President Tom Barkin warned that inflation pressures remain persistent, with recent data showing signs of renewed pricing power among suppliers. Speaking at an event in Baltimore, Barkin noted that many firms—still emboldened by Read more…